5min chapter

The Gray Area with Sean Illing cover image

When meritocracy wins, everybody loses

The Gray Area with Sean Illing

CHAPTER

The Moral Structure of the Top 1%

In the top 1% of income distribution, the single most common job in there is doctor. The idea that busyness has become the badge of honor is a big sort of psychomoral draw for elites to get into this system. Once you get rich enough, more money is not a very good draw if it's not connected to something that gives you status because you already have everything you need materially. And then an excluded middle class doesn't get the social status associated with work now.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode